business news in context, analysis with attitude

• Lidl has announced that it has identified a location in Alabama where it will open its first store in the state - Decatur.

Lidl currently operates nine stores on the US east coast, all opened this summer; in total, Lidl operates some 10,000 stores in 27 countries.


Axios reports that the federal Trade Commission (FTC) has confirmed that “it is probing the breach at credit check agency Equifax that implicated data from 143 million people. That's a surprising move for an agency that usually keeps its investigations under wraps.”

The story suggests that the fact “the FTC publicly commented on the investigation at all is evidence of the wide interest in the Equifax breach — thanks to the eye-popping number of Americans who might be affected.”


• The Financial Times reports that Nestle is taking a majority stake in the California-based Blue Bottle coffee company. The story says that Nestle is spending up to $500 million for a 68 percent stake in the company, which “by the end of this year will have more than 50 cafes in California, New York, Washington, Miami and Tokyo.”
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